For Sale
$800,000

700 Martin Luther King Jr AveClearwater, FL 33755

Mixed-use development opportunity in Clearwater, FL

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 0.25-acre commercial land parcel in vibrant Clearwater, Florida, presents a compelling investment opportunity. Located at 700 N Martin Luther King Jr Ave, Clearwater, FL 33755 (use this address as a reference point), the property boasts 152 feet of frontage on MLK Jr Avenue and 50 feet on Seminole Street. Zoned for commercial use, this fee-simple land is being offered at $800,000 and is sold "as-is," including all entitlements for the proposed mixed-use development. Approved plans detail three ground-floor commercial spaces suitable for office, medical, or retail uses, complemented by three one-bedroom, one-bathroom residential units on the second floor. This configuration offers significant potential for owner-occupancy with supplemental income from leasing or for an investor seeking to fully lease all units. The property's prime location and mixed-use zoning create a versatile platform for a variety of development scenarios. Potential buyers are responsible for conducting their own due diligence to verify all zoning regulations, restrictions, and potential tax benefits associated with the project. The parcel's Pinellas County APN is 10-29-15-69138-007-0010. Please refrain from disturbing or soliciting neighboring businesses.

Highlights

  • 0.25-acre commercial land parcel in Clearwater, FL, at 700 N Martin Luther King Jr Ave.
  • 152' frontage on MLK Jr Avenue and 50' on Seminole Street.
  • Zoned for commercial use; offered at $800,000 "as-is".
  • Approved plans for a mixed-use development with three ground-floor commercial spaces and three residential units.
  • Fee-simple ownership; Pinellas County APN 10-29-15-69138-007-0010.

Property Details for 700 Martin Luther King Jr Ave

Property type
Land
Lot Size (sq. ft)
10,890 SF

Location Insight

City
Clearwater
County
Pinellas
State
Florida
Latitude
27.9728378
Longitude
-82.7920716
700 Martin Luther King Jr Ave, Clearwater, Florida

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700 Martin Luther King Jr Ave
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